Rajiv Shah, former administrator of USAID, shares his methodology for creating large-scale change and making the world a better place. He discusses his big bet mentality and how it led to immunizing 900 million children and saving 16 million lives. The podcast explores the culture and approach of the Gates Foundation, the importance of collaboration and inclusivity during crises, and the power of setting bold goals and forming unlikely partnerships for transformative actions. Rajiv also discusses the relevance of his lessons for the private sector and emphasizes the correlation between generosity and happiness.
Making big, bold bets with ambitious goals and innovative solutions can drive large-scale change and save millions of lives.
Government institutions, in collaboration with other organizations, have the capacity to effectively implement and lead big bets for driving change and combatting crises.
Deep dives
The Power of Big Bets
Raj Shah, President of the Rockefeller Foundation, discusses the importance of making big, bold bets to drive large-scale change. These big bets require fresh, innovative solutions, unlikely partnerships, and a determination to measure results and persist. Shah shares examples of successful big bets, such as the global vaccination program that has saved millions of lives, and the efforts to provide electricity to communities in developing countries. The key is to set ambitious goals and take small, incremental actions to achieve them.
Government's Role in Big Bets
Shah emphasizes that making big bets is not limited to philanthropic or nonprofit organizations. He highlights the role of government in driving large-scale change, citing examples such as the USAID's response to the Haiti earthquake and the efforts to combat Ebola. Shah believes that government institutions have the capacity to effectively implement and lead big bets, especially in collaboration with other governments and community institutions.
The Potential of Renewable Energy
Shah discusses the impact of climate change and the importance of transitioning to renewable energy sources to mitigate its effects. He highlights the potential of renewable technology, such as solar mini-grids, to provide electricity to communities in developing countries. By investing in renewable energy solutions, Shah hopes to alleviate energy poverty, create jobs, and promote economic growth while reducing reliance on fossil fuels and combating climate change.
Building Alliances for Change
Shah emphasizes the importance of building alliances and partnerships to drive big bets. He shares stories of collaborating with unlikely allies, such as Republicans and Democrats, to achieve common goals. Shah believes that building bridges, listening to diverse perspectives, and finding common ground are essential for making progress in the face of polarization and partisanship.
When Rajiv Shah was in his late 20s and didn’t know what to do with his life, he got a job at a fledgling nonprofit, the Bill and Melinda Gates Foundation. Before he knew it, he was a driving force behind a global vaccination program that immunized 900 million children and saved 16 million lives.
At 36, he became the administrator of the United States Agency for International Development (USAID), managing a $20 billion budget, overseeing a staff of 10,000, and leading the U.S. response to global humanitarian crises.
Today, as president of the Rockefeller Foundation, he’s finding innovative solutions to mitigate climate change and end energy poverty.
What connects these experiences? At every step, Raj maintained a big bet mentality. What is a big bet? “A concerted effort to fundamentally solve a single, pressing problem in your community or our world. Big bets require setting profound, seemingly unachievable goals and believing they are achievable.” In this episode, he shares his methodology for creating large-scale change and making the world a better place.